GKP - Buy, Sell, Hold?

Libero wrote: OK, not trying to put IG Markets out of business, but can someone tell me what's wrong with this picture?

When was that screenshot taken? I suspect it was still in the extended auction at that time and IG's software probably doesn't cater for an opening auction at 12:00 - 12:15. Just guessing...

Thanks Remo,
The good news today has me nicely in profit but I think I'm gonna hold.

bigdigger wrote: Anyone else got a target price or thoughts about this target price for GKP?
See paragraph on this link:
www.iii.co.uk/articles/114685/gulf-keystone-wins-excalibur-case

first target price should be 260
after that higher prices should follow....So basically one step at a time.
Im sure GKP have been holding back a lot of news so wont be surprise to see a few pop up in the coming weeks

target prices are hard to give as gkp needs to find a base first then we may be able to give targets.

remo wrote: hi libero
that normally happens when they dont want you to place a trade. If you had tried it would most likely have said deal not possible....I think

Cheers Remo!

It was weird, in that the quote where the sell > buy was repeatable!

One of the times it even had something like 240 sell, 225 buy. Would have been a tasty arbitrage trade if it were possible.

Alas, I'm in agreement with you, I don't think it would have been permitted.

Thanks again Remo!

Libero wrote: OK, not trying to put IG Markets out of business, but can someone tell me what's wrong with this picture?

hi libero
that normally happens when they dont want you to place a trade. If you had tried it would most likely have said deal not possible....I think

longterm_view wrote: Remo,

Do we buy now?

lol
Its calmed down now so its a better time.
But depends on what you want from it.???
The best level to enter based on technical would be around the 190 area
Thats where the price gapped up from. Generally speaking most gaps get filled. But there have been occasions where the gap never gets filled

This move basically run into the resistance area at 228. For bulls to be in charge then this level needs to be cleared and finish above. If it can finish above 228 then it opens up 260.
The other option is your after the long term investment ,then its a matter of buying at support.

support now comes in at....218,,,211,,203,,and 190......these are the areas to buy if your in this for the long term.

Resistance...228,,,,261,,,281,,339(gap),,376,,465